Zimbabwe is inviting bids for the installation of 500MW of solar power plants, hoping a shift to renewable energy will help ease crippling power cuts.
The country has faced power cuts of up to...
By Perry Munzwembiri
Exactly 30 days after a harried Mthuli Ncube wrote to the International Monetary Fund pleading for debt relief and financial assistance to help Zimbabwe’s fight against Covid-19, the finance minister...
Caledonia Mining says it is targeting the acquisition of small brownfield operations Zimbabwe, as part of a growth strategy to follow completion of the shaft deepening project at Blanket Mine.
The company is deepening...
RioZim says its main shareholder is willing to convert loans worth US$11 million into additional shares in the gold miner, but number two shareholder Old Mutual has turned down a proposal to increase the company’s authorised share...
Zimbabwean private equity fund Mangwana Opportunities, backed by businessmen Joe Mutizwa and Ted Galante, has taken up shares in Invictus Energy in a placement worth US$287,000.
Funds raised from the transaction will be used...
The capital’s main COVID-19 treatment centre does not have intensive care unit (ICU) personnel to manage critically ill patients, a City of Harare epidemiology report has revealed.
Harare’s 12 active coronavirus cases are the...
In 2019, Australia-listed energy explorer Invictus Energy announced major oil and gas potential at the Muzarabani prospect, a first step on the long road to development.
Independent analyses of seismic data confirmed significant potential...
President Emmerson Mnangagwa says mines are to resume operations during an extended lockdown, a plan that would need at least 40 000 mineworkers to be immediately screened and tested for COVID-19.
On Sunday, Mnangagwa...
Belgium's Sibelco, one of the world’s largest glass-ceramic manufacturers, is in talks with Prospect Resources that could see the company buying lithium from Zimbabwe’s Arcadia Mine.
Prospect Resources and Sibelco on Wednesday announced they...
The COVID-19 pandemic will drive sub Saharan Africa into its first recession in 25 years, a World Bank paper says, but the region’s ‘copycat’ responses, which include lockdowns as well as some monetary and fiscal measures are...
